The Los Angeles City Council has adopted a resolution that authorizes the sale of $32.6 million in bonds to finance the second phase of the Jordan Downs redevelopment in Watts.

Located at 2060-2390 E. Century Boulevard, the project would consist of 135 residential units - including two apartments for on-site managers.

Total project costs for Phase 1B are estimated as approximately $60 million, or slightly over $400,000 per unit.  Rents will range between $507 and $1,307 per month, per the California State Treasurer's Office.

The full Jordan Downs Master Plan calls for the development of more than 1400 units across the 100-acre site, which originally became low-income housing in the 1950s.  A full buildout will also extend Century Boulevard east through the property to connect with Almeda Street, and also provide new neighborhood-serving businesses such as a grocery store.

Developer Bridge Housing is already nearly one year into construction at Phase 1A of the project, which includes 115 residential units.